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The impact of COVID-19 on every industry is obvious, but the one industry that has been impacted more than most is the travel and hospitality industry. With travel restrictions, labor shortages, waves of infections, and reduction in disposable incomes, travel has taken a beating over the past two years.
Depending on different reports, business travel dropped nearly 60-80% compared to 2019. Although there has been a small rebound in 2022, numbers still pale in comparison to previous years. With more people working from home and the increased use of video conferencing (Zoom, Webex, etc.), many companies are wondering is it still worth the expense for business travel. For example, the major consulting and accounting firm Deloitte spent approximately $600 million in travel expenditures. Now Deloitte states they have only spent about 36% of what they spent in 2019 (roughly $216 million).
Some would argue that companies should not spend much on business travel anymore because there is no need to fly someone to London when they can just use Zoom. This could provide many benefits to the company. Others will say that in-person travel and meeting are valuable and needed.
I want you to discuss the following:
What are the benefits/strengths of business travel? …problems/issues with business travel?
In your opinion, should companies try to return back to pre-pandemic business travel or should they consider significantly reducing or even eliminating business travel completely? Why or why not, discuss in detail.
You must find two articles to support your responses and some supplemental articles to support your responses to your classmates. You must post using verifiable articles from reputable sources to make your point substantive. YOU MUST PROVIDE THE TITLE, AUTHOR, AND WEBSITE LINK TO YOUR ARTICLES AT THE END OF YOUR POST.
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